Notwithstanding anything contained in the Provincial Insolvency Act, 1920 (5 of 1920), or any corresponding law for the time being in force, the dues of a society from a member, in insolvency proceedings against him shall rank in order of priority next to the dues payable by him to Government or to a local authority.
Section 51: Insolvency of members
The Himachal Pradesh Cooperative Societies Act, 1968State Act of Himachal Pradesh · Act 3 of 1969
Where this provision sits
| Act | The Himachal Pradesh Cooperative Societies Act, 1968 |
|---|---|
| Section | 51 |
| Marginal note | Insolvency of members |
| Jurisdiction | State of Himachal Pradesh |
| Status | In force as published by the source |
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